US86627T1088 - Common Stock
It's been a good year for the stock market as a whole and a tremendous year for a couple of drugmaker start-ups. BTIG analyst Justin Zelin thinks Viking Therapeutics stock can reach $125 per share for a gain of about 166% over the next 12 months. If an experimental weight loss treatment it's developing continues to succeed in clinical trials, the stock could more than double again.
While chipmaker Nvidia is an obvious example of a top growth stock to own given its more than 2,500% return over the past five years, there are many other stocks that have produced incredible gains in a short stretch. Three stocks that have done phenomenally well this year and have outperformed Nvidia are AppLovin (NASDAQ: APP), MicroStrategy (NASDAQ: MSTR), and Summit Therapeutics (NASDAQ: SMMT). If you invested $5,000 into each one of these stocks at the beginning of the year, the total of those investments would be worth more than $100,000 right now.
Merck is spending up to $3.3 billion in a licensing deal for an anti-PD-1/VEGF drug from China.
If you're patient, these businesses have a lot of promising projects in the works.
A cancer drug has vast potential for the company, says a pundit newly following it.
The price could be right for these stocks.
These are the kinds of stocks that can allow investors to sleep easy at night.
Should you add these fast-growing stocks to your portfolio?
The potential upside of this stock is undeniably meaty.
This drugmaker's lead candidate could become a top-selling cancer therapy.